Setting a price by determining the total cost and adding some additional amount for profit is referred to as cost-plus pricing.

Name: Setting a price by determining the total cost and adding some additional amount for profit is referred to as cost-plus pricing.
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Question

Quizplus · Accepted Answer

Cost-plus pricing is a pricing strategy where a fixed percentage or amount is added to the total cost of producing a product to determine its selling price.

Setting a Price by Determining the Total Cost and Adding